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5-day change | 1st Jan Change | ||
| 3,821 INR | -0.80% |
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-0.13% | +0.74% |
| Apr. 25 | Tech companies plug into India's smaller cities for talent | RE |
| Apr. 24 | India's LTIMindtree's Q4 revenue misses estimates | RE |
FRANKFURT/NEW DELHI (Reuters) - Germany's Deutsche Bank is in talks to sell IT services division Postbank Systems, people with knowledge of the matter said on Thursday.
A potential buyer is India's Tata Consultancy Services, the people said.
Postbank Systems has around 1,400 employees, mainly in the German city of Bonn. A sale would help Deutsche reach its goal of shedding 18,000 staff overall to cut costs and restore profitability.
Bloomberg News first reported the development.
Deutsche Bank and TCS declined to comment.
(Reporting by Tom Sims and Patricia Uhlig in Frankfurt and Sankalp Phartiyal in New Delhi; editing by Thomas Seythal and Maria Sheahan)
| 1st Jan change | Capi. | |
|---|---|---|
| +0.74% | 167B | |
| -12.05% | 194B | |
| +1.97% | 155B | |
| +5.74% | 101B | |
| +6.56% | 76.69B | |
| +17.69% | 72.08B | |
| -7.30% | 71.48B | |
| -21.08% | 50.93B | |
| +0.53% | 48.89B | |
| +7.71% | 36.9B |
TATA CONSULTANCY SERVICES LTD. 
